Frequently Asked Questions

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  Q1:The new Velocity introduction and installation:
  A1:
    a1: The new Velocity function introduction: Account Management, Payment, Group Service, Investment, Trade Service and Bill Center.
    a2: The supported operating systems windows 2000、windows xp、windows vista、windows7
    a3: The supported browser The browser based on the Internet Explorer: IE6, IE7, IE8, IE9.
    a5: The application of the Velocity After you opening the settlement account in our bank, you need to prepare the following materials and submit the application form to the bank.
    a6: First contact person He/she is responsible to receive the token and sign on the confirmation letter. Then fax the confirmation letter to 021-58305665 and send the original letter to our bank ( the address is on the confirmation letter ) When we receive the confirm letter, we will activate the authorizer immediately. After that, the authorizer can login our Velocity. (The maker can log in directly)
    a7: Secondary contact person He/she is responsible to receive the password letter.
    a8: The installation of the Velocity When you want to use our Velocity, you only need to install the latest version of JAVA, and we strongly recommend you to use IE to log in our Velocity, in order to ensure the best user experience. Download link http://www.java.com/zh_CN/download/windows_ie.jsp?locale=zh_CN (If you can’t open the website, please link www.java.com to download it)
    a9: The hotline of Velocity: 40089 40089

  Q2:The authorization models and changes of models of Velocity :
  A2:
    a1: the current four authorization models:
      A.Super Maker:There is only one pre-set role which is the super maker. The super maker can do all kinds of transaction without approval
      B.1 Authorizer:There are two pre-set role, one is maker and another is approver. Each transaction should be approved by any one of the approver.
      C.2 Authorizer :There are two pre-set role, one is maker and another is approver. Each transaction should be approved by any two of the approvers.
      D.Tailor-made :The customer can define the approver matrix according to its finance policy.
    a2: The change of models :If you applied for the super maker version and you would like to change it to 2 Authorizer version. You can take the relevant materials to our bank and submit the maintenance form.

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  Q3:The account management :
  A3:
    a1: To add new account :If you want to add new account on Velocity, please fill the application form .
    a2:Account Enquiry :You can enquiry the balance, transaction details and Velocity transaction details of the current deposit, fix deposit, call deposit, agreement deposit, margin deposit and loans account
    a3:Balance Check:You can use this function to verify the account balance of each month.
    a4:E-advice:The E-advice is the certificate of the transaction through Velocity.

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  Q4:payment :
  A4:
    a1: Intra-bank payment, Intra-city Payment and Cross-city Payment The Intra-bank payment means that the beneficiary is the OCBC accounts. Intra-city Payment means that the beneficiary is other bank’s account in the same city. The Cross-city Payment/Urgent Payment means that the beneficiary is other bank’s account in another city or the urgent transfer business.
    a2:Batch Payment: There are two types of the input methods, one is the Multiple Payment, the other is the Batch Import. If one or more payment applications are over the cut-off time, you should modify the batch payment instruction, because the batch authorization can’t support the forward business.
    a3:The Forward function of the payment: The Forward means that the system will submit the previously appointed instruction on the designated automatically to the bank. If you have finished the Forward instruction and the authorization, the record will be displayed as “pending”. The maker can delete this record before the instruction submission.
    a4:SMS Service You can input the beneficiaries’ mobile phone number, when you input the instruction. We will send SMS containing the transaction details to the beneficiary. But the SMS can not be regarded as the formal certificate.
    a5:Common Beneficiary: The Common Beneficiary is the beneficiaries that you frequently pay to. You can choose the beneficiary from the list, no need to input the detail information every time.

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  Q5: Investment :
  A5:
    a1:The type of call deposit and renewal methods There are three types of call deposit. They are 1-day rollover, 7-day rollover and 7-day auto-rollover.
    a2:The fix deposit renewal methods Principal and interest renewal: After maturity, the principal and interest will be extended to another fix deposit Principal and interest to current account: After maturity, the principal and interest will not be extended to another fix deposit, but to the current accounts.
    a3:Principal renewal After maturity, the principal only will be be transferred to the current accounts.
    a4:The choice of deposit withdraw through Velocity There are two kinds of withdraw of the fix deposit and the call deposit placed through Velocity, one is withdraw through counter and Velocity. If the deposit certificate is taken from the counter, the deposit can only be withdrawn through counter. Before that the deposit can only be withdrawn through Velocity.
    a5:Loan Enquiry The loan facility, drawdown history and repayment history can be enquired through the function.

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  Q6:Password:
  A6:
    a1: If you forget the password: Please fill the , and signed or stamped the same as the . And send the original form to the opening bank.

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  Q7:Others :
  A7:
    a1: If the payment is not approved, can I modify or delete this instruction?Yes, The maker can modify or delete the instruction before the approval.
    a2: Can the corporate account pay to the individual account? You can pay to the individual account through the Velocity. But you need to follow the relevant regulation.
    a3:How long will the fund reach the beneficiary?:
      A.If the payment details are input correctly, the time taken differs by the type of payment.
      B.If it is the Intra-bank payment, the fund will arrive immediately.
      C.If it is the Intra-city payment, it will depend on the beneficiary bank.
      D.If it is the Cross-city/urgent payment, it will also depend on the beneficiary bank.
    a4:Overtime :If you do not do anything on Velocity for mire than 15 minutes, to mitigate risk, the system will auto log the customer off. The information that you have not submitted or saved will no longer kept on Velocity.
    a5:The change of the user Please fill the , and signed or stamped the same as the . And send the original form to the opening bank.
    a6:The change of other information such as company name Please fill the , and signed or stamped the same as the . And send the original form to the opening bank.
    a7:The Cut-off time of the Velocity